NLCIL Inks Pact With Tamilnadu Govt For Setting Up Of Power/Mines Projects
NLC India Limited signed a Memorandum of Understanding (MoU) with the Government of Tamilnadu during the Global Investors Meet held at Chennai for setting up of Mines & Power Projects in Tamil Nadu.
The company signed a MoU with Government of Tamil Nadu to set up a 15.5 Million Tonnes Per Annum (MTPA) capacity Lignite Mines, 2640 MW Lignite based Thermal Power Project and 1000 MW Renewable (Solar) Project in Tamil Nadu at an estimated cost of Rs.23,800 crores. The envisaged investment in the Projects would approximately generate direct employment for 1250 persons and indirect employment for 7500 persons. The MoU was signed by Shri N.N.M Rao, Director/Planning & Projects on behalf of NLCIL and the Director/Generation, TANGEDCO on behalf of Tamil Nadu Government. As per MoU, Tamil Nadu Government will provide facilitation and support to NLC India in the form of necessary infrastructural support for setting up the projects.